Josh Farley: "Money, Money, Money"
The Great Simplification with Nate Hagens
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What Is the Difference Between Cal Money and Horizontal Money?
Most people think that it's just the government, somehow, in this shadowy thing between the treasury and the federal reserve, that create and destroy all our money. But 95 % of our money is created from commercial banks when they make loans to people who are creditworthy. So we watch now debt growing expe ly, and its several multiples. That's almost four times g d p, either at the national or the global level,. Even em can't be matched by a finite planet. The overwhelming amount of money right now, i would argue, in the united states, is loaned into existence to by existing assets. There's no physical limit to the value of existing assets.
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